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$265,890

NAL Estimated Property Value

514 Medina Dr, Garland, TX, 75041

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,539 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$133.14 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Other, Plumbed For Ice Maker, Gas Water Heater
FlooringCarpet, Laminate, Wood

Exterior

Exterior FeaturesOther
Lot Size9,272 sqft

Building Information

Year Built1960
Stories1
Roof Type105
Garage Spaces2

Land Information

APN26489500220090000
Lot Number9
SubdivisionRidgewood
Land UseResidential
Legal DescriptionRIDGEWOOD ESTATES 5 BLK 22 LOT 9 INT202100155349 DD03102008 CO-DC 4895002200900 1CG48950022
Census Tract018300
Assessed Land Value$70,000
Assessed Improvement Value$195,890
Assessment Year2025

About this property

**BACK ON MARKET**3 BEDROOMS,2 & HALF BATHS,2 LIVING AREAS,2 CARS FRONT ENTRY GARAGE, CENTRAL HEAT & AIR,WOOD FLOORING,NEAR SCHOOLS, SHOPPING, CHURCHES, DINING,FREEWAYS**READY TO MOVE IN**NEEDS COSMETIC UPDATES**TENANT OCCUPIED**COULD BE A GOOD FLIP OR HOLD AS A RENTAL**

Investor Tools

Property Icon
$265,890
Estimated Property Value
$53,937Estimated Mortgage Balance
$211,953Estimated Equity
79% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,595 /month
Positive
Cash Flow Estimate:
$532 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$576/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,579
$265,890
2025
$70,000
$195,890
$265,890
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,579
$265,890

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Richetti Investments Inc
Purchase Money Mortgage
$100,000
No
First
Mar 10, 2008
May 2031

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$53,937
$211,953
79%
20%
$600/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,565/mo
$600/mo
+$965/mo
7.1%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Garland

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514 Medina Dr | Property Details | No Agent List